Mears Group PLC (MER) Earns “Buy” Rating from Liberum Capital
Mears Group PLC (LON:MER)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a report issued on Wednesday. They currently have a GBX 500 ($6.64) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 13.90% from the company’s current price.
Separately, Peel Hunt reiterated a “buy” rating and set a GBX 550 ($7.31) price objective on shares of Mears Group PLC in a research note on Tuesday, August 15th.
Mears Group PLC (LON MER) opened at 428.00 on Wednesday. Mears Group PLC has a one year low of GBX 420.25 and a one year high of GBX 540.00. The stock’s market cap is GBX 440.80 million. The firm’s 50 day moving average price is GBX 452.33 and its 200 day moving average price is GBX 479.97.
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In other Mears Group PLC news, insider Peter Dicks acquired 9,455 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of GBX 447 ($5.94) per share, for a total transaction of £42,263.85 ($56,157.12).
Mears Group PLC Company Profile
Mears Group PLC is a United Kingdom-based holding company. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. The Company operates through two segments, which include Housing and Care. The Housing segment is engaged in providing a full housing management service predominantly to Local Authorities and other Registered Social Landlords.
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